Another system uses tidal movement in order to move turbines and produce electricity. I saw an article where they were installing a trial version of the tidal version in San Franciso bay near the big bridge.
THis system (CNM) is different in that it uses the power of the wave not just the tides. Could be a winner. It has been on my watchlist for a couple of years. I bought a few on Friday after the announcement as I believe that its partner, PHY, has established itself as a reputable company. They also have a grant to develop this so obviously someone up top sees it as positive.
Still a while before installing it next year, so before then there will plenty of girations in the price of the stock. All the while there will be accumulation from those who think that this has more merit to it than just a good day trade.
CNM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
